Crypto.com is a reliable cryptocurrency exchange platform. It has been operational since 2016 and provides over 90 cryptocurrencies to clients in the United States, as well as over 60 fiat currencies. Users can access it from more than 80 nations across the world.
Crypto.com is a Hong Kong-based company that’s been making waves in the crypto space as one of the first few companies to offer cryptocurrency credit cards and money transfer services worldwide.
Founder and CEO of Crypto.com, Kris Marszalek, has an impressive resume on his LinkedIn profile with entrepreneur credits including Beepi, co-founder and CEO, and Ensogo. Marszalek is also the co-founder of payment service provider Bump Technologies which was acquired by American Express.
Crypto.com is widely used since it’s a fantastic alternative for seasoned traders. The exchange isn’t the most difficult to use, but it might be confusing at first owing to the website. The platform also offers a secure digital wallet. More Crypto investors prefer to use the platform due to cost-effectiveness when compared to other crypto exchange platforms.
Anyone can sell or purchase various cryptocurrencies on crypto.com. They may either keep their funds in their account or move them via ACH withdrawal, wire transfer, or credit card, among other options.
How do I make a deposit?
You can make your first deposit to the Crypto.com App in any of these supported cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), or Litecoin(LTC). However, you need to note that not all tokens and cryptos are accepted for a deposit on the platform. Here is a comprehensive list of Cryptocurrencies that you can deposit on Crypto.com
- Once logged in, Tap on the “Transfer” button > “Deposit” > “Crypto”
- Select the cryptocurrency you want to deposit
- A pop-up will appear with your deposit address and its QR code.
If you have never used Crypto.com before, make sure that the token is actually supported by our app and wallet; otherwise, it will fail when trying to send or receive digital currencies from other users (in which case they’ll lose all rights over those funds).
It is important to make your first deposit with a small amount of crypto so that you can get to know more of how the platform works.
What is Crypto Cashback?
One of the benefits highlighted on the website is cashback rewards for purchases made with your MCO Visa card. For example, if you purchase a flight with 30% cashback from “Flights” on the Crypto website, you’d get 3 MCO tokens back.
The website shows an example of 50% cashback for “Luxury goods” but it’s unclear which specific brands are included in this section.
Some Cryptocurrencies that you can trade on Crypto.com;
- Enjin Coin
- USD Coin
- DigiByte….and more.
How to Make Fiat Withdrawal from Crypto.com
Withdrawing funds from Crypto.com is a simple process that involves a few steps. What you will need to do in order to transfer your funds is as follows:
From the Crypto.com web or mobile app:
If you haven’t already, link a suitable bank account. If, on the other hand, you already have a linked bank account, select transfer. This is located under the cryptocurrency account balance.
ou’ll notice a pop-up menu with the options “deposit” and “withdraw” below the screen
Two options will show up: “Crypto” and “Fiat”.
Select the “Fiat” option, which reads “Withdraw Fiat to your bank account.”
Choose your preferred currency.
After selecting the appropriate currency, you can enter the amount of money you wish to withdraw.
After entering the desired withdrawal amount, click “Withdraw”.
Once you click the “Withdraw” button, you will be taken to a confirmation screen where you can view the amount withdrawn. Additionally, it displays any applicable fees, as well as the processing time, recipient, and total amount withheld.
However, there are some restrictions on the amount of money you can withdraw each month, which you should consider before proceeding. You can withdraw approximately $50,000 per month. Additionally, you cannot make a withdrawal of less than $100. They will notify you if you attempt to do so.
How to Make a Cryptocurrency Withdrawal from Crypto.com
Withdrawing cryptocurrency from Crypto.com is only available to members at the Starter or higher level. The following are the steps you must take in order to withdraw cryptocurrency:
Log in to your account at crypto.com/exchange.
After logging into your account successfully, click on “Balance.” It is located in the upper right-hand corner.
Select “Withdraw” next to the cryptocurrency from which you wish to withdraw.
You will have two options for withdrawing cryptos: to an external wallet address or to your Crypto.com app, if you have connected the app to the exchange.
If you wish to withdraw funds to an external account, you must first create a withdrawal address. To do so, you must first ensure that you have chosen the correct currency. Then, when you wish to withdraw CRP, you will be able to view pertinent addresses. Create a label for that address and enter your Google verification code. At the conclusion, save the address.
Select the withdrawal address from the drop-down list and then double-check the withdrawal amount.
When you are ready, select “Review Withdrawal.”
Examine your personal information. Bear in mind that the amount you receive will be the balance remaining after any applicable withdrawal fees are deducted.
“Confirm Withdrawal” should be selected. The withdrawal may take up to two hours to process.
Automated Crypto Withdrawals
If you made a deposit into Crypto.com, your funds are held in an offline wallet for security reasons, and only when making withdrawals do they go online so that it can be automated with other cryptocurrencies as well! Most transactions take less than two hours from the beginning (deposit) through completion – which is pretty quick considering how much information needs processing before going out onto cryptocurrency networks worldwide.
Crypto Withdrawal Confirmation
When you get a confirmation for the withdrawal address, it will show up in your email account. This is an indication that Crypto.com has acknowledged receiving and processing our request to withdraw funds from their exchange platform – as soon as possible! You can look forward to getting another notification once everything goes through smoothly with no problems or delays on either side.
In a nutshell…
You can see from the above guide that it’s pretty simple to withdraw your crypto tokens from crypto.com. Crypto.com is a cryptocurrency wallet and exchange platform that allows users to buy, sell, store, and send cryptocurrencies since 2016.